iShares makes 80% cut to FTSE 100 ETF charge

BlackRock has cut fees on its FTSE 100 ETF to just 0.07% as the price war among passive product providers continues.

The group has cut the price on its flagship distributing iShares FTSE 100 UCITS ETF from 40 bps to 7bps, while the price of the accumulation version will also see its fee reduced from 10bps to 7bps. The charge is the lowest available on a FTSE 100 ETF, according to iShares analysis of BlackRock figures, though some FTSE 100 index trackers are available for similar prices. The income distributing version of the iShares product was the first ETF to list on the London Stock Exchange in April 2000 and currently has £3.8bn in assets. This fee cut is a response to the preferences of UK-b...